Tax Write-offs from Rental Properties
The return calculates taxes due on your rental profit. Allowable expenses include:
- Advertising
- Mortgage interest (not payments)
- Property taxes
- Repairs and maintenance
- Utilities
- Office supplies (receipt books, etc)
- Travel (for you to do or supervise repairs at the unit but these are limited to airfare and rental car - no hotel)
- Insurance
- Management fees
- Professional fees (except for the sale and purchase)
- Strata fees and levies
- Advertising
- Mortgage interest (not payments)
- Property taxes
- Repairs and maintenance
- Utilities
- Office supplies (receipt books, etc)
- Travel (for you to do or supervise repairs at the unit but these are limited to airfare and rental car - no hotel)
- Insurance
- Management fees
- Professional fees (except for the sale and purchase)
- Strata fees and levies